Director’s Report & Management Discussion and Analysis

Dear Sharehoders

The Directors of your Company have pleasure in submitting their Annual Report together with the Audited Statement of Accounts for the year ended  31st March, 2015.

PERFORMANCE :

Your Company registered a remarkable growth in its operations. The Operating profit before charging depreciation and finance cost amounted to Rs.72.89 lacs against Rs.65.65 lacs in the preceding year, representing a rise of 11.02%. Profit after tax amounted to Rs.15.88 lacs against Rs.11.57 lacs in the preceding year due to implementation of cost reduction measures & increase in productivity.

DIVIDEND:

In view of requirement of financial resources and considering the future requirements of funds, your Directors are unable to recommend any Dividend for the year ended 31st March 2015

LISTING ON SME PLATFORM OF THE BSE LIMITED:

Yours Directors are pleased to inform you that your Company successfully listed its Securities on the SME Platform of the BSE Limited on 07-07-2015 and the Company has paid Listing Fees for the year 2015-16

INITIAL PUBLIC OFFERING:

Post Completion of initial public offer (IPO) of shares, your Company has fully spent/ utilized the proceeds of the funds raised under IPO as per the objects of the issue.

BUSINESS:

Efforts are being made to provide better result than earlier years. In view of the increased activities and expansions and programs to grab the emerging opportunities.

DIRECTORS:

At the ensuing Annual General Meeting, Ms.Aggarwal Prem Tanvi director retire by rotation in terms of the Articles of Association of the Company and being eligible, offers herself for reappointment. A brief profile of the director is given in the notice of the 4th Annual General Meeting

A brief resume of director retiring by rotation seeking appointment at the ensuing Annual General Meeting, nature of her expertise in specific functional areas and names of companies in which she hold directorship and or membership/chairmanship of Committees of Board as stipulated under clause 49 of the Listing Agreement with the Stock Exchanges, are given in the section of Annual Report.

FIXED DEPOSITS:

The Company has not accepted any fixed deposits from the public within the meaning of the Companies (Acceptance of Deposits) Rules 1975 during the year.

INSURANCE:

All the properties and the insurable interest of the company including building, plants and machinery and stocks wherever necessary and to the extent required have been adequately insured.

AUDITORS:

M/s.Balaji & Thulasiraman, Chartered Accountants, the auditors of the company, be and is hereby ratified for the financial year 2015-16 at such remuneration as may be determined by the Board of Directors of the Company.

AUDITORS' REPORT:

In the opinion of the directors, the notes to the accounts are self-explanatory and adequately explained the matters, which are dealt with by the auditors.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to the provisions of Section 134 of the Act, your Directors hereby confirm the following:

That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures;

That the Directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year ended 31.03-2015 and of the Profit & Loss of the Company for that period;

That they had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities.

That the directors have prepared the annual accounts on a going concern basis

CORPORATE GOVERNANCE:

As per clause 52 of the Listing Agreement with the Stock Exchange, the Report of the Corporate Governance and the Certificate of the Auditors of the Company in respect of compliance thereof are appended hereto and forming part of this report.

PARTICULARS OF EMPLOYEES:

Your Directors with to place on record their sincere appreciation for the encouragement and co-operation received by the Company form customers, various Government, Semi-Government and Local Authorities, Suppliers, Sharehodders and business associates.

Your Directors also wish to place on record their deep appreciation for the dedication and hard work put by the employees at all levels towards the growth of the Company. Last but not the least, the Board of Directors wish to thank the Investor/Shareholders for their support, co-operation and faith in the Company.

VIII. SHARE TRANSFER:

The company has appointed M/s BIGSHARESERVICES PRIVATE LIMITED, E-2, Ansa Industrial Estate - Sakhivihar Road, Sakinaka, Andheri (East), Mumbai-400 072 as Registrar and Share Transfer Agent.

IX. MANAGEMENT DISCUSSION AND ANALYSIS :

Report on Management discussion and analysis has been given separately in this Annual Report and form part of this report

X CORPORATE SOCIAL RESPONSIBILITY :

The company is acutely aware of the need to give back to the society. It has therefore, taken several measures towards CSR.

XI HUMAN RELATIONS :

During the year employee relations continued to be cordial and harmonious at all levels and in all divisions of the Company. There was a total understanding of the management objectives by the employees.

The Company has consistently tried to train & nurture the best of the available talent in the Industry.

XII ACKNOWLEDGEMENT :

The Board of Directors wishes to thank the Central Government, State Government, RBI, SEBI, and The Bombay Stock Exchange Limited (BSE) for their co-operation in various spheres of Company’s functions. The Board of Directors expresses it’s gratitude for the co-operation extended by the Financial Institutions / Term Lenders and Company’s Bankers for their valuable support. The Directors thank all the shareholders of the Company, its customers and investors for their valuable support during the year and look forward to their continued support in the years to come. The Company has also gained considerably from the sincere and devoted services rendered by its employees at all levels. The Board of Directors wishes to place on record its sincere appreciation of the employee’s efforts in enhancing the image of the company in the market.